Traders Look Past Top Line Miss
Quicksilver earned $0.10 a share, well above the $0.04 expected by analysts. Sales missed, but the company is gaining traction overseas--especially in Europe, the Middle East, and Africa. Investors are focused on that progress and the strong margins, bidding ZQK up by 13 percent before the opening bell on my tradeMONSTER platform.
Ambarella Tops Expectations
Ambarella, which develops video chips used for high-definition display, earned $0.26 a share on revenue of $37.7 million in its second quarter. The Street was only expecting $0.19 and $36 million, respectively. AMBA pops 10 percent in the pre-market.
Finisar Paints Bullish Picture
Finisar's results matched expectations, but management predicted earnings of $0.37 to $0.41 a share for the current quarter. That's well above the $0.31 consensus number. Revenue is seen at $277 million to $292 million, also better than the $273 million average forecast. FNSR gains 6 percent in early trading.
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